Gannett Co. Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Gannett Co., Inc. (NYSE:GCI) will unveil its latest earnings on Monday, January 30, 2012. Gannett is an international news and information company operating mainly in the realms of publishing, digital and broadcasting.

Gannett Co., Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 69 cents per share, a decline of 16.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 68 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 69 cents during the last month. Analysts are projecting profit to rise by 13.5% versus last year to $2.11.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported net income of 44 cents per share against a mean estimate of 45 cents. Two quarters ago, it beat expectations by one cent with profit of 58 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 4.8% in revenue from the year-earlier quarter to $1.39 billion.

Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit fell 1.6% to $99.8 million (41 cents a share) from $101.4 million (42 cents a share) the year earlier, missing analyst expectations. Revenue fell 3.5% to $1.27 billion from $1.31 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 2.2% in the second quarter from the year earlier, dropped 5.4% in first quarter from the year-ago quarter and 1.6% in the fourth quarter of the last fiscal year.

The company has seen net income fall in each of the last three quarters. Net income fell 22.5% in the second quarter and 22.8% in the first quarter.

Competitors to Watch: The E.W. Scripps Company (NYSE:SSP), The New York Times Company (NYSE:NYT), The McClatchy Company (NYSE:MNI), News Corporation (NASDAQ:NWSA), Media General, Inc. (NYSE:MEG), Lee Enterprises, Inc. (NYSE:LEE), Journal Communications, Inc. (NYSE:JRN), A. H. Belo Corporation (NYSE:AHC), and Meredith Corporation (NYSE:MDP).

Stock Price Performance: During November 23, 2011 to January 24, 2012, the stock price had risen $5.03 (48.5%) from $10.38 to $15.41. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 7.4% (+99 cents) over that span. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10-straight days, falling 26.1% (-$3.50) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com